Please join us for the 11th Annual Kenneth J. Arrow Lecture delivered by Alvin Roth, the 2012 Nobel Laureate in Economic Sciences and Craig and Susan McCaw Professor of Economics at Stanford University, on "Market Design in Large Worlds: The Example of Kidney Exchange."
Discussants: Parag Pathak, Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics at MIT
Joseph E. Stiglitz, 2001 Nobel Laureate in Economic Sciences and University Professor at Columbia University Description:

Abstract: "Marketplaces are often small parts of large markets, and so potential marketplace participants may have large strategy sets, that include actions taken outside of the marketplace. And markets require social support, so the behavior of people who do not intend to participate in the market may nevertheless be important for market design. This lecture will illustrate these points with some examples, drawing most heavily on the experience of kidney exchange."

About the Kenneth J. Arrow Lecture Series: Kenneth J. Arrow’s work has shaped the course of economics for the past sixty years so deeply that, in a sense, every modern economist is his student. His ideas, style of research, and breadth of vision have been a model for generations of the boldest, most creative, and most inventive economists. His work has yielded such seminal theorems as general equilibrium, social choice, and endogenous growth, proving that simple ideas have a profound impact. The Kenneth J. Arrow Lecture Series highlights economists, from Nobel laureates to groundbreaking younger scholars, whose work builds on Arrow’s scholarship as well as his innovative spirit. The books in the series are an expansion of the lectures that are held in Arrow's honor at Columbia University.